The SS&C GlobeOp Forward Redemption Indicator for December 2019 measured 4.95 per cent, up from 4.81 per cent in November.
“SS&C GlobeOp’s Forward Redemption Indicator of 4.95 per cent for December 2019, was up slightly from the 4.86 per cent reported for the same period a year ago, but closely in line with historical averages,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, redemption notices for the full year 2019 were similarly in line with recent years’ averages, continuing a trend in stable asset retention for hedge funds.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp’s assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 per cent in November 2008. The next publication date is 22 January, 2019.
